ProShares has announced that its two leveraged oil ETFs will adopt a new underlying index in a bid to make the products more resilient to future disruption in crude oil markets.
By Mobeen Tahir, Associate Director, Research, WisdomTree Europe.
The US Federal Reserve has made a profound shift to target average inflation following the recently concluded Jackson Hole Economic Symposium. This new approach from the Fed is likely to serve as a strong catalyst for metals – both precious and industrial.
By Nicholas Johnson, PIMCO Portfolio Manager, Commodities.
Gold prices hit new highs earlier this month, propelled by record low interest rates in many regions, inflation worries, and mounting government debt. Yet PIMCO’s valuation model indicates gold remains attractively valued, even at these levels.
The Alerian MLP ETF (AMLP US), the largest infrastructure ETF globally, has reached its ten-year anniversary on the NYSE.
The United States Oil Fund (USO US), the largest ETP globally to track changes in oil prices, is facing a regulatory reckoning after the SEC recommended that the fund and its management face enforcement action.
VanEck’s European domiciled gold miners ETF – the VanEck Vectors Gold Miners UCITS ETF – has benefited from the increased demand for gold in recent months with assets swelling to more than $725 million.
By Fiona Boal, Head of Commodities and Real Assets, S&P Dow Jones Indices.
The S&P GSCI rose 3.8% in July 2020, taking its YTD performance to -33.9%. Weakness in the US dollar against a range of currencies supported commodities.
VanEck remains bullish on gold ETFs, seeing $3000/ozt as a reasonable price target for the metal in the current bull market run.
Invesco has reduced the expense ratio on its $13.8 billion Invesco Physical Gold ETC (SGLD LN) from 0.19% to 0.15% – the third time the issuer has lowered the ETC’s fee in the past two years.
The iShares Physical Gold ETC (IGLN LN) has surpassed $15 billion in assets under management – the first European-domiciled gold ETP to reach the milestone – just as the gold price set its own record by topping $2,000/oz.